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Apr 23, 2012
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>> both programs are paying out more than they're taking in so adding to the deficit when you look at known demographic trends our federal financial hole is getting deeper $10 million a minute. the longer we wait to increase entitlement reform or social insurance program reform the more dramatic the changes will be, the more risk of debt crisis and the less transition time we'll have. >> david mentioned $10 million a minute. that means about 40 million dollars, 50 million during this conversation. >> i wish i was getting the money. >> we're in an election year. nothing will happen between now and november. they tried the bargain last year and got nowhere. what is the trigger, the circuit breaker that will get politicians to sit down and figure this out. >> that's the $40 million question. i do think there is a deadline coming up at the end of this year because of the deal that they did to get the debt ceiling raised. so, you know, we could see some fairly dramatic action then. the other big thing, and i don't see when this is going to happen but what forces other countries to finally
>> both programs are paying out more than they're taking in so adding to the deficit when you look at known demographic trends our federal financial hole is getting deeper $10 million a minute. the longer we wait to increase entitlement reform or social insurance program reform the more dramatic the changes will be, the more risk of debt crisis and the less transition time we'll have. >> david mentioned $10 million a minute. that means about 40 million dollars, 50 million during...
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Aug 25, 2012
08/12
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clearly, the government deficit in jobs are extraordinary challenges for our country. and we got to take them on. over the last four years the consumer has done a great job restoring his or her balance sheet. companies are flush with cash. they've done the hard work. we need our government to come together and start to solve these long-term challenges. >> do you think either romney or obama has been courageous enough with their plan for the economy? >> i think it's too early to know. the devil's always in the details. you got to figure out who's going to do the most for the middle class. what his going to help them thrive? this country's always thrived when the middle class succeeds. that's who's struggling now. we need to get more money into people's pockets. and they'll respond. someone's got to get in the details to make sure that happens. >> it also needs i think big business leaders to take what i would call calculated gambles that would cost money in the short term that may pay, longer term, bigger dividends. the classic example is your old firm apple. apple is n
clearly, the government deficit in jobs are extraordinary challenges for our country. and we got to take them on. over the last four years the consumer has done a great job restoring his or her balance sheet. companies are flush with cash. they've done the hard work. we need our government to come together and start to solve these long-term challenges. >> do you think either romney or obama has been courageous enough with their plan for the economy? >> i think it's too early to...
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Dec 29, 2012
12/12
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but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is infectious. his daughter is now collecting cans at work. his grandson drives garcia to friends' houses, just to collect more cans. garcia knows that his monthly money orders won't avert the fiscal cliff. but they say that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> back in a moment. it's lots of things. all waking up. connecting to the
but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is...
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Jul 11, 2012
07/12
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this isn't about the deficit and debt right now. it's the reason the president keeps using the word "fairness." it's about values. but the question is, who does the middle class feel is looking out for them? they've been squeezed for so long, forgotten for so long. and the real question that -- that our political strike team was asked, what's the right threshold? because there are regional realities that are fundamentally different. the reason that senator charles schumer across the river from senator menendez is strongly in favor of the $1 million, in the tristate area, for example, you can have a two-earner household, each person making $125,000. this is far from the jet set. >> yeah, very different than if they lived outside tulsa, for example. but let me ask about this whole thing, though. when we talk about this amount of money and this fight going on here, one thing i think gets kind of lost here is you're not going to do that much to the deficit. i guess it's good to do something to it, sure. you're not going to do that much
this isn't about the deficit and debt right now. it's the reason the president keeps using the word "fairness." it's about values. but the question is, who does the middle class feel is looking out for them? they've been squeezed for so long, forgotten for so long. and the real question that -- that our political strike team was asked, what's the right threshold? because there are regional realities that are fundamentally different. the reason that senator charles schumer across the...
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May 31, 2012
05/12
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he left the state with a billion dollar deficit. taxes went up. spending went up. and so if those policies didn't work then, why would they work at that? >> one thing that's interesting here, and deval patrick is the current governor of massachusetts who came in after mitt romney. he also talked about bain capital and said it was, quote, a perfectly fine company. obviously we heard that same line from cory booker about a week and a half ago on "meet the press." so are you concerned that some of these attacks on the likes of bain capital, though, will not stick? if people who know the company well are defending it in your own party? >> not at all. the bulk of governor patrick's interview was about the buyer's remorse that massachusetts residents have about romney's tenure there. there was a poll that came out recently in massachusetts that showed romney losing his home state by 25 points. but governor patrick has made the same point that we have, that this isn't an attack on the financial sector or private equity generally. the question we are asking is, are the les
he left the state with a billion dollar deficit. taxes went up. spending went up. and so if those policies didn't work then, why would they work at that? >> one thing that's interesting here, and deval patrick is the current governor of massachusetts who came in after mitt romney. he also talked about bain capital and said it was, quote, a perfectly fine company. obviously we heard that same line from cory booker about a week and a half ago on "meet the press." so are you...
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Jul 14, 2012
07/12
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you no longer have a deficit problem. you have a long-term problem relating to medicare and health care costs and all the things people are worried about disappear. i think the argument that the economy is so weak that it can't withstand returning to these tax rates is probably not true anymore. the economy has slowly begun to recover. if you look at the housing market, it is clear that it has bottomed out. consumers have paid down debt. at some point we're going to have to get the fiscal house in order. this is the best mechanism. i have a secret weapon here which is i wouldn't -- that's my starting position. if you were to come and say to me we don't want to put all of these tax cuts in, let's phase this in over three or four years, i would say fine. why not instead then do a comprehensive tax reform? >> why not instead then do a comprehensive tax reform in everybody from every party says it. we have seen the tax code, 73,000 pages. it is impossible for anyone to understand and it seems inherently unfair to almost every
you no longer have a deficit problem. you have a long-term problem relating to medicare and health care costs and all the things people are worried about disappear. i think the argument that the economy is so weak that it can't withstand returning to these tax rates is probably not true anymore. the economy has slowly begun to recover. if you look at the housing market, it is clear that it has bottomed out. consumers have paid down debt. at some point we're going to have to get the fiscal house...
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May 31, 2012
05/12
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we had a structural deficit here when romney left. it's gone today, i'm happy to say. >> let me ask you about taxes and fees. this is a big part of the clip you've released online. let's play that first and we'll talk about that on the other side. >> he raised our taxes by raising our fees. >> but a rose by any other name is absolutely still a rose. fees are an increase out of the pockets of every massachusetts resident. that's a tax. >> are those fees today still in place? or when you came in as governor did you say those fees are unfair? we're being nickelled and dimed? let's get rid of them. >> many of them are still in place. about a quarter billion -- excuse me, three-quarters of a billion, soledad, in additional fees. the gas tax was also raised. the question is not whether they went up or went down. the question is whether as a philosophical point of view you believe that fees and taxes ought to fund the services that people say they want. and governor romney says that the solution to our economic woes is to cut taxes and fees.
we had a structural deficit here when romney left. it's gone today, i'm happy to say. >> let me ask you about taxes and fees. this is a big part of the clip you've released online. let's play that first and we'll talk about that on the other side. >> he raised our taxes by raising our fees. >> but a rose by any other name is absolutely still a rose. fees are an increase out of the pockets of every massachusetts resident. that's a tax. >> are those fees today still in...
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Sep 9, 2012
09/12
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kicking the can down the road when it comes to dealing with these big issues of how to reign in the deficit. but he's particularly tough on president obama, he says presidents work their will or should work their will and that obama has not. he has not done so, so some interesting look at that whole discussion and it will be interesting to inform the debate as we go forward. >> thanks, athena. appreciate it. >>> last week, debbie wasserman schultz accused a writer of misquoting her comments. she's not just a congresswoman. she is the chairwoman of the democratic party. she came on cnn to set the record straight last night. here's what she told me about phillip klein, who reported her remarks in the washington examiner. >> if you look at what the examiner, which is a conservative blog site, so, it's not surprising that they would deliv deliberately misquote me. they did deliberately misquote me. first, they took only the first line wof what i said and then ct it off. so you haven't played the the rest of what i said and what they did was reported that i said that republican policies were dan
kicking the can down the road when it comes to dealing with these big issues of how to reign in the deficit. but he's particularly tough on president obama, he says presidents work their will or should work their will and that obama has not. he has not done so, so some interesting look at that whole discussion and it will be interesting to inform the debate as we go forward. >> thanks, athena. appreciate it. >>> last week, debbie wasserman schultz accused a writer of misquoting...
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Oct 18, 2012
10/12
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but the other thing that he brought was the specific plan to cut the deficit. we can stave off of the stuff. tell me what you are going to cut and are you going to end interest or the mortgage deduction. give us the specifics of your plan. obama has been forced to do that. he has showed us the specifics. >> give us one line that you would give the president. again, i would never advise the president of the united states. he is darn good on his own. i want to continue to see what i saw before. a strong president that is going to look in the camera and continue to tell it like it is. our president is going to do great. the job now is going to turn out the operations on the ground. it was a pleasure. >> big news. coming up. mitt romney's lieutenant governor. why she says his binders for the women is no big deal. çtoooowl sleep train's best rest event is ending soon. çtoooowl don't miss your chance to get sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta icomfort,
but the other thing that he brought was the specific plan to cut the deficit. we can stave off of the stuff. tell me what you are going to cut and are you going to end interest or the mortgage deduction. give us the specifics of your plan. obama has been forced to do that. he has showed us the specifics. >> give us one line that you would give the president. again, i would never advise the president of the united states. he is darn good on his own. i want to continue to see what i saw...
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Sep 20, 2012
09/12
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in just one month, tammy baldwin turned a nine-point deficit into a nine-point lead. wow, that is an 18-point spread and according to thompson, romney could be to blame. >> the presidential thing is bound to have an impact on every election, you know, whether you're a democrat or republican. if you're a standard bearer for the presidency, is that doing well, it's going to reflect on the down ballot. >> so, is thompson right to be concerned? former new hampshire governor john snu is "outfront." is it strictly thompson's fault and he's trying to find someone to blame it on? >> my good friend sounds like barack obama trying to blame it on somebody else. campaigns go up, campaigns go down. i'm sure tommy will be fine in the long run. i think romney's doing just fine. he's dead even with him in the polls out there. and he's pounding the president for failing to deal with the unemployment problem, 20 million americans still unemployed. unemployment over 8% and now, the president's having to defend his silly redistribution position and i think america's understanding it's ti
in just one month, tammy baldwin turned a nine-point deficit into a nine-point lead. wow, that is an 18-point spread and according to thompson, romney could be to blame. >> the presidential thing is bound to have an impact on every election, you know, whether you're a democrat or republican. if you're a standard bearer for the presidency, is that doing well, it's going to reflect on the down ballot. >> so, is thompson right to be concerned? former new hampshire governor john snu is...
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Sep 16, 2012
09/12
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worked very hard with the speaker to come out with a bipartisan agreement that was a big design and deficit reduction. house and senate democrats said mr. president, we're with you on this. he agreed to it. the republicans walked away. i mean, the image that we have is a president that does not do that as much as bill clinton did in terms of offering guidance and reaching out to republicans, reaching out to you. the level of leadership from the president when it comes to legislative things compared to former president clinton. >> well, i would say that they both score very high in terms of leadership. if you measure leadership in the number of phone calls, well, that might be a little bit of a different story because they're different personalities. >> yeah, more contact with bill clinton over the years. >> well, i wasn't leader ear speaker when president clinton was president, but we all -- but i saw how he worked with congress and our leadership at the time. president obama is, of course, a agreed leader. he has great vision for our country. he knows the issues. he has a plan where. he is
worked very hard with the speaker to come out with a bipartisan agreement that was a big design and deficit reduction. house and senate democrats said mr. president, we're with you on this. he agreed to it. the republicans walked away. i mean, the image that we have is a president that does not do that as much as bill clinton did in terms of offering guidance and reaching out to republicans, reaching out to you. the level of leadership from the president when it comes to legislative things...
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Sep 7, 2012
09/12
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deficit too high? try another. feel a cold coming on? take two tax cuts, roll back some regulations and call us in the morning. [ cheers a applause ] now, i've cut taxes for those who need it. middle-class families, small businesses. but i don't believe that another round of tax breaks for millionaires will bring good jobs to our shores or pay down our deficit. i don't believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small businesswoman expand or the laid-off construction worker keep his home. we have been there. and we're not going back. we are moving forward, america. [ cheers and applause ] now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell you what you wanted to hear. you elected me to tell you the truth. and the truth is, it will take more than a few years for us to
deficit too high? try another. feel a cold coming on? take two tax cuts, roll back some regulations and call us in the morning. [ cheers a applause ] now, i've cut taxes for those who need it. middle-class families, small businesses. but i don't believe that another round of tax breaks for millionaires will bring good jobs to our shores or pay down our deficit. i don't believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists...
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Aug 25, 2012
08/12
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i tend to sharidan's viee dan's the deficit. as long as the bond market doesn't care about the deficit, doesn't keep me awake at night. so, no, i don't think fiscal austerity is the answer right now. i would say this, though. perhaps counter what dan said. there is plenty of blame to go around. >> yeah, tell me about the tea party angle. whenever i talk about fiscal cliff, i get a lot of mail from people who say why don't you say it like it really is? the tea party said we're going to oppose this president and that's why we're here. do you agree? >> yes. at the same time, i think both parties are the no get much done. president obama advocated on this. he hasn't really taken a very forceful role especially on entitlement reform. i would like to see him get a little more involved and he should because his re-election would hinge on that. >> an election year, a fiscal cliff. i thought the debt ceiling debate was bad last year. i didn't know it could get worse. it has. dan and greg, stay right where you are. inside the head of poli
i tend to sharidan's viee dan's the deficit. as long as the bond market doesn't care about the deficit, doesn't keep me awake at night. so, no, i don't think fiscal austerity is the answer right now. i would say this, though. perhaps counter what dan said. there is plenty of blame to go around. >> yeah, tell me about the tea party angle. whenever i talk about fiscal cliff, i get a lot of mail from people who say why don't you say it like it really is? the tea party said we're going to...
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Nov 9, 2012
11/12
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neither candidate set guard a comprehensive agenda for dealing with the deficits and it's now incumbent on both parties to do that the president ought to set the tone, but i think speaker boehner has to come forward, they ought to be sitting down together, and in the next 48 to 72 hours. >> i mean, he made a statement about obama care being the law of the land and he's walking that back, because of tea party -- >> that's true. what we've got is a problem -- russell long described a long time ago, the senator. he said everybody in washington wants to go to heaven. but nobody wants to do what it takes to get there. and that's what we've got. they are all for compromise, as long as it's on their terms and what have you now, especially in the republican party, an extreme element, deeply dug in over no tax increases, and a democratic party, a group of people, equally dug in on medicare and social security. not touching benefits. for that, you can't get there to entitlement reform, and the president has to unlock that now. that's what being elected as-to-a second term. second term is not all
neither candidate set guard a comprehensive agenda for dealing with the deficits and it's now incumbent on both parties to do that the president ought to set the tone, but i think speaker boehner has to come forward, they ought to be sitting down together, and in the next 48 to 72 hours. >> i mean, he made a statement about obama care being the law of the land and he's walking that back, because of tea party -- >> that's true. what we've got is a problem -- russell long described a...
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Nov 3, 2012
11/12
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is it the jobs or is it the deficit? >> both. you know, if we're not bringing it in, we shouldn't spend it. and if it's, you know, tough on us to make it better for our kids, i'm willing to sacrifice now to make it better for our kids. >> so interesting. and also people talk about the quality of the jobs, too, right? so even though the unemployment rate is 5.2%, they're worried about how much debt we have, the deficit. they're also worried that the quality of the jobs that are available aren't maybe what they used to be. >> they are. and they said, look, poppy, it's not just about that 5.2%, it's about the jobs that we're getting that are being created. they're lower paying jobs, the hours are less. and that's a very big deal here, christine. >> all right, poppy harlow in iowa. thanks, poppy. >>> hurricane sandy destroyed homes, cars, and lives, as people pick up the pieces, who picks up the bill? i'll have the answer right after this. jenna shared her recipe with sharon, who emailed it to emily, who sent it to cindy, who wondere
is it the jobs or is it the deficit? >> both. you know, if we're not bringing it in, we shouldn't spend it. and if it's, you know, tough on us to make it better for our kids, i'm willing to sacrifice now to make it better for our kids. >> so interesting. and also people talk about the quality of the jobs, too, right? so even though the unemployment rate is 5.2%, they're worried about how much debt we have, the deficit. they're also worried that the quality of the jobs that are...
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Apr 5, 2012
04/12
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when we're talking about solving the deficit, growing the economy, entitlements might have to get reformed. why should we give tax breaks to companies who make billions in profits while everybody else is being asked to give up some. >> that's why people don't care, right? it's about fairness and righting that. we'll see how it plays out. >>> total student loan debt in america is a crisis for people on both sides of the political spectrum. it crossed the trillion dollar mark this year. not surprising given the rising costs of college tuition. but there is another form of student debt that is rising. loans taken out by parents to pay for the cost of sending their children to private school deb joins us with the story. it's amazing how early in life this is happening and how late in life it's affecting people. >> that's right. you start your debt in kindergarten. chances are it's going to take you a long time to pay it off. it's a rite of passage for so many moms an dads in particular cities. they pull out all the stops, trying to get their 4 and 5-year-olds into kindergarten. there are tests
when we're talking about solving the deficit, growing the economy, entitlements might have to get reformed. why should we give tax breaks to companies who make billions in profits while everybody else is being asked to give up some. >> that's why people don't care, right? it's about fairness and righting that. we'll see how it plays out. >>> total student loan debt in america is a crisis for people on both sides of the political spectrum. it crossed the trillion dollar mark this...
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May 2, 2012
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remember, the goal is not just deficit reduction. it's the reduction of the debt as a proportion of the total economy. so if the economy starts shrinking or the growth stops we're in greater and greater trouble. >> it is possible, bob reich, that things are better than they seem? one e-mailed me today, housing is the last of the economy to recover, it's happening. i see it. the data points suggests real recovery. dave roberts said this is the strongest market he's experienced since 2007. is it possible after the long and terrible recovery which one could argue has been over a decade, where we haven't had -- that we could really be coming up and we aren't seeing it yet? >> it's possible. we'll know more about the april job numbers come this friday. but the march quarterly report in terms of the commerce department report and also as you remember the march unemployment report both were disappointing. let's keep our fingers crossed. >> if you want to know what real growth is, a real recovery look at what we had in the first quarter of 1
remember, the goal is not just deficit reduction. it's the reduction of the debt as a proportion of the total economy. so if the economy starts shrinking or the growth stops we're in greater and greater trouble. >> it is possible, bob reich, that things are better than they seem? one e-mailed me today, housing is the last of the economy to recover, it's happening. i see it. the data points suggests real recovery. dave roberts said this is the strongest market he's experienced since 2007....
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Sep 7, 2012
09/12
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or pay down our deficit. i don't believe firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small business woman expand or the laid off construction worker keep his home. we have been there. we've tried that. we're not going back. we are moving forward, america. [ applause ] now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell you what you wanted to hear. you elected me to tell you the truth. and the truth is, it will take more than a few years for us to solve challenges that have built up over decades. it will require common effort and shared responsibility and the kind of bold, persistent ex-per tentation -- experimentation that franklin roosevelt pursued during a crisis such as this one. and those of us who carry on his legacy should remember that not every
or pay down our deficit. i don't believe firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small business woman expand or the laid off construction worker keep his home. we have been there. we've tried that. we're not going back. we are moving forward, america. [ applause ] now, i won't...
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Nov 2, 2012
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he said he would lower the deficit, but then he doubled it. he said he would lower the unemployment rate and today, we learned it is 7.1%, and that is 9 million jobs short of what he promised. unemployment is higher today than when barack obama took office. think of that, today's unemployment is higher today than the day barack obama took office. he promised to save social security and medicare from insolvency, and he didn't. rather he raided $716 billion from medicare to pay for the obama devoted obama care. he said he would lower health care insurance premiums for the average family by $2,500 a year by each other, and now they are $3,000 higher for a average family. and gasoline, the american family now pays $2,000 a year more for gasoline than when he was elected. of course, he also said he would work across the aisle on the most important issues. listen to, this he has not met on the economy or the budget or on jobs with either of the republican leader of the house or the senate since july. instead of bridging the divide, he's made it wide
he said he would lower the deficit, but then he doubled it. he said he would lower the unemployment rate and today, we learned it is 7.1%, and that is 9 million jobs short of what he promised. unemployment is higher today than when barack obama took office. think of that, today's unemployment is higher today than the day barack obama took office. he promised to save social security and medicare from insolvency, and he didn't. rather he raided $716 billion from medicare to pay for the obama...
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Dec 28, 2012
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. >> an old man who is in debt and deficits. >> he's going to do the hammer dance? >> he's one of these great public servant who will say or do whatever it takes to get people's attention on issues that really matter. and this group that sponsored it is the can kicks back. it's not 200 million views. >> i wish we could see al franken dancing in a unitard to fight violence against women. >> make the cut. >> who picked the list? >> we all did it "outfront." >>> up next, a rust belt bright spot in 2013. we're going to take you there, next. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the latest technology. the clock is ticking. so hurry to the final 100 hours of ford's year end celebration. before everything's gone. and one more thing...hurry. get a focus with 2000 cash plus 500 year end bonus cash with no charge sync and sound during the final hundred hours of the ford year end celebration. only at your local ford dealer. >>> well, washington's division and dysfunction threatened our economic reco
. >> an old man who is in debt and deficits. >> he's going to do the hammer dance? >> he's one of these great public servant who will say or do whatever it takes to get people's attention on issues that really matter. and this group that sponsored it is the can kicks back. it's not 200 million views. >> i wish we could see al franken dancing in a unitard to fight violence against women. >> make the cut. >> who picked the list? >> we all did it...
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Aug 31, 2012
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and his $1 trillion deficits, they slow the economy, restrain employment and cause the wages to stall. for a majority of the americans who now believe that the future is going to be better than the past, i guarantee you this, if barack obama is re-elected, you'll be right. i'm running for president to help create a better future, and a future where everyone who wants a job can find a job. where no senior feels for the -- fears for the security of their retirement. an america where every parent knows that their child will get an education that leads them to a good job and a bright horizon, and unlike the resident, i have a plan to create 12 million new jobs. [ applause ] paul ryan and i have five steps. first by 2020, north america will be energy independent by taking full advantage of our oil, our gas, our coal, our lithium, and our renewables. second, we will give our fellow citizens the skills they need for the jobs of today and the careers of tomorrow. when it comes to the school your child will attend, every parent should have a choice and every child should have a chance. third,
and his $1 trillion deficits, they slow the economy, restrain employment and cause the wages to stall. for a majority of the americans who now believe that the future is going to be better than the past, i guarantee you this, if barack obama is re-elected, you'll be right. i'm running for president to help create a better future, and a future where everyone who wants a job can find a job. where no senior feels for the -- fears for the security of their retirement. an america where every parent...
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go to pay for new prescription drug benefits for elderly people as well and some goes to reduce the deficit. it is worth noting this. the same paul ryan proposed the same cost reductions in his house budget plan. mitt romney said he wouldn't make any changes to his far for medicare for the next ten years. a surprising danger for swimmers and anyone who loves the ocean. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. >>> every summer brings stories that can make you scratch your head. well, you're about to learn something that i think is very important. strong, experienced swimmers who somehow drown, ev
go to pay for new prescription drug benefits for elderly people as well and some goes to reduce the deficit. it is worth noting this. the same paul ryan proposed the same cost reductions in his house budget plan. mitt romney said he wouldn't make any changes to his far for medicare for the next ten years. a surprising danger for swimmers and anyone who loves the ocean. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's...
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Sep 5, 2012
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today, we're out of the deficit hole mr. romney left and we have achieved the highest bond rating in our history. today, today with labor at the table, we have made the reforms in our pension and benefit systems. our schools, our transportation system and more than mr. romney only talked about. and today, in massachusetts, you can marry whomever you love. we still have much more to do. much, much more to do. but we are on a better track because we placed our faith, not in trickle down fantasies and divisive rhetoric, but in our values and in our common sense. the same choice faces the nation today. all that republicans are saying is that if we just shrink government, cut taxes, crush unions and wait, all will be well. never mind that those are the very policies that got us into recession to begin with. never mind that not one of the governors who preached that gospel in tampa last week has the results to show for it. but we democrats, we owe america more than a strong argument for what we are against. we need to be just as s
today, we're out of the deficit hole mr. romney left and we have achieved the highest bond rating in our history. today, today with labor at the table, we have made the reforms in our pension and benefit systems. our schools, our transportation system and more than mr. romney only talked about. and today, in massachusetts, you can marry whomever you love. we still have much more to do. much, much more to do. but we are on a better track because we placed our faith, not in trickle down fantasies...
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Dec 11, 2012
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it's the speed at which we slow these deficits and the manner in which we slow these deficits that i think a lot of people are trying to hammer out. who do we know the formula for what's a healthy speed and how do we know the formula for what's a dangerous speed? >> all right, look, he's the immediate issue. we had emergency spending of an extra $1 trillion four years ago, that pretty much everybody agreed was needed to keep the economy from going down the drain. but that emergency spending has become part of our normal spending now. and every year for the last three years, we've spent $1 trillion more than we've taken in in taxes. now, there's a big philosophical divide here, between those who think the only way for think economy to grow is to get government out of the way, and those who think the only way for the economy to grow and bring in revenues is for government to help. and that's why you're not getting a compromise here. there's just too great a divide over this big issue. if they do compromise, which we all hope they will, so we won't go over the cliff, it has to be fair.
it's the speed at which we slow these deficits and the manner in which we slow these deficits that i think a lot of people are trying to hammer out. who do we know the formula for what's a healthy speed and how do we know the formula for what's a dangerous speed? >> all right, look, he's the immediate issue. we had emergency spending of an extra $1 trillion four years ago, that pretty much everybody agreed was needed to keep the economy from going down the drain. but that emergency...
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obviously that is not good for our budget deficit. the bottom line with this is that experts say medicare is not running out of money in 2016 or ever. >> alison kosik, thanks so much. >>> rg 3 learns about hard knocks the hard way in the nfl. it is a different world from the college game. we will talk about rookie quarterbacks when we come back. ♪ chirping beeping camera ahhhh drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping shaking remote wouldn't it be great to have one less battery to worry about? car honking irping the 2012 sonata hybrid. the only hybrid with a lifetime hybrid battery warranty. from hyundai. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, theandidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there.
obviously that is not good for our budget deficit. the bottom line with this is that experts say medicare is not running out of money in 2016 or ever. >> alison kosik, thanks so much. >>> rg 3 learns about hard knocks the hard way in the nfl. it is a different world from the college game. we will talk about rookie quarterbacks when we come back. ♪ chirping beeping camera ahhhh drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping...
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Jun 13, 2012
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fiscal refers to the government's treasury, surpluses, deficits. economics refers to the overall growth of the economy. the fiscal problem is a subset of the economic problem. fix the economy, if a government finances follow. and obama is now trapped in doing what the republicans unfortunately have also unwisely done which is to put the lesser problem at the head of the cue and to forget the greater problem. >> you agree, i assume, that bill clinton to the democrats is what ronald reagan is to the republicans? >> well, i would to a certain extent in that what president obama wants to do is actually have people remember the good times. and the good times were when a democratic president, bill clinton, was -- he basically directed the biggest economic expansion in 50 years. and his policies, obama's policies, are very similar to president clinton's policies that will do the same thing. where i don't agree the comparison is fair is that right now the gop of today would never follow reagan's policies. reagan by the way also raised taxes 11 times and as
fiscal refers to the government's treasury, surpluses, deficits. economics refers to the overall growth of the economy. the fiscal problem is a subset of the economic problem. fix the economy, if a government finances follow. and obama is now trapped in doing what the republicans unfortunately have also unwisely done which is to put the lesser problem at the head of the cue and to forget the greater problem. >> you agree, i assume, that bill clinton to the democrats is what ronald reagan...
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that means running deficits for the next eight years. only thing i've seen on his website is $500 billion in cuts in the year 2016. that's not dealing with the debt for another four years. >> if we can move faster and further, we certainly will, but governor romney wanted to propose something he thought we could do. >> he's going to close loopholes to do it. you and i are both familiar are w the studies that say that's not possible or tough to do. let's just say in order to get there, he can't cut by to 20%. he has to cut by 10. maybe 4. would he adjust that promise? >> well, he's certainly willing to talk. when you do tax reform, what you do is you establish the basic parameters, which he's done in this proposal. you get everybody together and you knock heads. if it's not what everybody wants, is he going to say absolutely no? he's not going to raise taxes, but if he can't get exactly the tax cut hemts, is he going to say no. there are some things he's going to insist on, but be open to talking as well. >> thanks so much for taking the
that means running deficits for the next eight years. only thing i've seen on his website is $500 billion in cuts in the year 2016. that's not dealing with the debt for another four years. >> if we can move faster and further, we certainly will, but governor romney wanted to propose something he thought we could do. >> he's going to close loopholes to do it. you and i are both familiar are w the studies that say that's not possible or tough to do. let's just say in order to get...
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Oct 18, 2012
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and then you are arctticulating the same policie that created that deficit. president obama was given a specific plan about how to cut $4 trillion and continuous moving forward -- >> cory, but if you offer hope and change and take the debt up to $16 trillion, that's not hope and change, except for the worse. >> hold on for a second. two things i want to say. one to continue the point i was making before. when the alternative says i'm going to increase military spending by $1 trillion, increase tax cuts for wealthy. by the way, i'm not going to tell you how i'm going to pay for this stuff. that's what we had under bush economy. increased war spending, increased tax cuts and a hole that got us into this economy. we need to deal with structural long-term debt. bush started to say, we needed to inject stimulus into the economy. inject stimulus, start to lower unemployment rate, save the auto industry, which took money to do that. we saved 1.4 million jobs. the reality is we've stabilized the economy, we're growing and now obama brought to washington some of the t
and then you are arctticulating the same policie that created that deficit. president obama was given a specific plan about how to cut $4 trillion and continuous moving forward -- >> cory, but if you offer hope and change and take the debt up to $16 trillion, that's not hope and change, except for the worse. >> hold on for a second. two things i want to say. one to continue the point i was making before. when the alternative says i'm going to increase military spending by $1...
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there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2% increase. that's less than the rate of inflation. so, i think that the reason that i believe he'll win re-election is we are beginning to recover. we have a higher rate of job creation since the recession bottomed out in the middle of 2009 than in the previous eight years. and, we are moving in the right direction and the policies he's advocated are going to produce good economic results. if people thought it was like another recession, he would be in trouble. it's not like another recession. they know it. >> people say the paralysis in washington, the inability t
there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2%...
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Nov 26, 2012
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the whole tea party movement began as a principled protest against deficits and debt. people saying it was generational theft. the problem is if you start elevating the anti-tax pledge, that anti-tax absolutism, ahead of making a deal on deficit and debt, you're not going to get anywhere. only way you pay it down is if you agree we have to raise revenues. you can make an argument that the tea party movement should get behind a grand bargain, a deficit and debt deal, if they're serious about what they see and what they said was an existential threat to our country. we need to disenthrall ourselves from the extreme voices who choked off reasonable debate in washington. >> don't fear the grover. best quote of the day. john avalon, always a pressure. thank you for coming on. >>> looming fiscal cliff you're hearing so much about is one reason republicans are having a change of heart on this whole no tax pledge. the term fiscal cliff evokes scary imagery, but it is not so much a cliff as it is a set of stairs with the spending cuts and tax hikes getting more painful with eac
the whole tea party movement began as a principled protest against deficits and debt. people saying it was generational theft. the problem is if you start elevating the anti-tax pledge, that anti-tax absolutism, ahead of making a deal on deficit and debt, you're not going to get anywhere. only way you pay it down is if you agree we have to raise revenues. you can make an argument that the tea party movement should get behind a grand bargain, a deficit and debt deal, if they're serious about...
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Jul 12, 2012
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so we can get along without these large deficits. krugman's right, that we need large deficits to keep the economy going at a time like this. but the trouble is, we're becoming addicted to low interest rates and we're not spending money prudently. i don't know that government spending had an increase so much over the last five years on a permanent and structural basis to justify these dech sits. >> maybe it's time to look at one of those. certain terrible times, you would need to overspend. saying, look, you can only spend this percent of your revenue. this is what you bring in this is what you're allowed to spend. >> we all know what the contours of a grand bargain are, right? some loopholes will go away. some tax rates will go away. it's just a question of -- i think it's a question of when that happens. >> all right. well, thanks very much for both of you. we appreciate it. take to twit, let us know what you think. the big one, when did he actually leave the firm? some serious allegations, do they add up? and new evidence released
so we can get along without these large deficits. krugman's right, that we need large deficits to keep the economy going at a time like this. but the trouble is, we're becoming addicted to low interest rates and we're not spending money prudently. i don't know that government spending had an increase so much over the last five years on a permanent and structural basis to justify these dech sits. >> maybe it's time to look at one of those. certain terrible times, you would need to...
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Oct 17, 2012
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that's part of what took us from deficits to surplus. it will be good for our economy and it will be good for job creation. now governor romney has a different philosophy. he was on "60 minutes" just two weeks ago and he was asked, is it fair for somebody like you making $20 million a year to pay a lower tax rate than a nurse or a bus driver, somebody making a 50$,000 a year. he said yes, i think that's fair. he said i think that's what grows the economy. i fundamentally disagree with that. i think what grows the economy is when you get that tax credit that we put in place for your kids going to college. i think that grows the economy. i think what grows the economy is when we make sure small businesses are getting a tax credit for hiring veteran who is fought four our country, that grows the economy. when governor romney stands here during the campaign, when during the republican primary he stood on stage he said i'm going to give tax cuts, not tax rate cuts, tax cuts to everybody in the top 1%. you can believe him because that's his hi
that's part of what took us from deficits to surplus. it will be good for our economy and it will be good for job creation. now governor romney has a different philosophy. he was on "60 minutes" just two weeks ago and he was asked, is it fair for somebody like you making $20 million a year to pay a lower tax rate than a nurse or a bus driver, somebody making a 50$,000 a year. he said yes, i think that's fair. he said i think that's what grows the economy. i fundamentally disagree with...
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we're all concerned about the deficit. after two wars, two tax cuts that weren't paid for, we have a challenge that we've got to now deal with. can't go backwards. independent analysis shows that the plan i've put forward would cut our deficit by $4 trillion. and i've already worked with republicans to cut $1 trillion in spending. i'm willing to do more. we've got to make sure government is lean and programs that don't work, you know, we've got to get rid of them so we can pay for the things that do. and i want to reform the tax code so that it is simple and fair and so that it asks the wealthiest households to pay higher taxes on incomes over $250,000. >> you've been listening to the president there speaking in florida. we also want to let you know that mitt romney will be speaking later on, likely in our 1:00 hour here on cnn. he'll be speaking from virginia beach, but we want to get you some breaking news now. >>> alexandra steele is here with us in studio. alexandra, i understand you have news of a tornado warning in n
we're all concerned about the deficit. after two wars, two tax cuts that weren't paid for, we have a challenge that we've got to now deal with. can't go backwards. independent analysis shows that the plan i've put forward would cut our deficit by $4 trillion. and i've already worked with republicans to cut $1 trillion in spending. i'm willing to do more. we've got to make sure government is lean and programs that don't work, you know, we've got to get rid of them so we can pay for the things...
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this is on the deficit. four years ago, the president made a promise he would cut the deficit in half by the first term. he has not kept his promise. >> the president when he made that promise didn't know what he was going to inherit. he didn't know the economy was going to go into free fall and the situation was -- as a consequence, it's taken us longer to work our way out than it otherwise would have. first priority is jobs that will get this economy growing and part of that is putting in place a framework that will give people the sense these debts are under control. and that's absolutely something the president would have done if the congress had been prepared to cooperate with them around the time of the great debt limit struggle. it's something they've been looking to do during the lame duck session and my hope would be that the president's principle is mostly spending some avenues. that's a balanced principle. they think they can do it all on one side. >> thank you very much. good to see you. >> thank
this is on the deficit. four years ago, the president made a promise he would cut the deficit in half by the first term. he has not kept his promise. >> the president when he made that promise didn't know what he was going to inherit. he didn't know the economy was going to go into free fall and the situation was -- as a consequence, it's taken us longer to work our way out than it otherwise would have. first priority is jobs that will get this economy growing and part of that is putting...
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Aug 13, 2012
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he actually voted to increase deficits. if we're going to have a conversation, then we want to have an honest conversation. lack at paul ryan's voting record and not just what he's talking about in terms of cuts. look at what he voted to spend on. a lot of spending in his 13 years in congress. >> right. i'm always uncomfortable when we use words like lies or dishonesty. both sides are coming to this from very different perspectives. but this really comes down to an election about the size and scope of government, letting businesses thrive. but will that vision lift america up fast enough and create jobs because president obama found that really he couldn't. will? >> well, i mean, that depends on whether or not you think government is the primary driver of the economy and jobs or whether or not you think the private sector is and how much you enable both, right? and you're right. there's a differing opinion on who drives that vote and who is enabled. is it the government and should be enabled throughout the economy to spur j
he actually voted to increase deficits. if we're going to have a conversation, then we want to have an honest conversation. lack at paul ryan's voting record and not just what he's talking about in terms of cuts. look at what he voted to spend on. a lot of spending in his 13 years in congress. >> right. i'm always uncomfortable when we use words like lies or dishonesty. both sides are coming to this from very different perspectives. but this really comes down to an election about the size...
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the only thing that went up, piers, were the deficits. now they're saying, well, in order to deal with the deficits, we're going to bring another round of tax cuts to the wealthy. that's going to hit everybody harder if you're going to deal with those over the long term. >> but you wouldn't presumably quibble with his basic premise. that the priority ought to be trying to get this ridiculously large deficit down. america's economic future could depend on that. presumably, you would agree with him that should be priority. it's just how we get there, right? the. >> priority number one needs to be getting americans back to work. getting the economy moving again. in fact, if we do that, that's the fastest way to begin to reduce the deficit. there's no doubt we have to deal with the long-term deficit. we should act right now to do it. the real question is how we do it. and i think mitt romney and paul ryan are going to have to explain to the american people how you reduce the deficit by asking nothing more for the folks at the very top. >> con
the only thing that went up, piers, were the deficits. now they're saying, well, in order to deal with the deficits, we're going to bring another round of tax cuts to the wealthy. that's going to hit everybody harder if you're going to deal with those over the long term. >> but you wouldn't presumably quibble with his basic premise. that the priority ought to be trying to get this ridiculously large deficit down. america's economic future could depend on that. presumably, you would agree...
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you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficits. >> i was so thrilled at the debate, for people to see my husband unfiltered through -- without any negative ads. >> throughout the debates, romney the pragmatist was on stage, not romney the conservative of the republican primaries, confusing to some but not to ann, who finally saw the side of romney she had been pushing to reveal all along. >> as you know, gloria, i said last time i would never do this again. i mean, it's really hard for a family member, a person that loves this person that you see going through these difficulties and just know how tough it is on that person that you love, and so for me it comes out of a compassion for mitt and a compassion and passion for how important this election is. i want people to think, if they vote for mitt, they're going to get this country moving again. ♪ ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members w
you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficits. >> i was so thrilled at the debate, for people to see my husband unfiltered through -- without any negative ads. >> throughout the debates, romney the pragmatist was on stage, not romney the conservative of the republican primaries, confusing to some but not to ann, who finally saw the side of romney she had been pushing to reveal all along. >> as you know, gloria, i said...
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you can begin to see a reduction in the deficit. you're not going to reduce the debt. and may even more if we can't grow the economy. so the job number one is grow the economy. if you grew it 3 1/2% per year, that would require substantial changes in policy but it could be done, you would garner more than enough revenue. it would change the whole debate. about whether you're saying people of high income need to pay more taxes. even though higher income people now we have the highest of any country in the developed world. we already pay -- 1% of the people get 20% of the income and pay 30% of the taxes. at what point do you say, okay, you've given enough? we need to grow the economy and then deal with these out year spending costs that are unacceptable and unsustainable. tax reform provides the catalyst i think for common ground to make this happen in a divided country. look, i just -- you know, i love my country and i see decline in the future. unless we begin to solve these problems. if we can't solve it by having 60 republican senators and a majority in the congress
you can begin to see a reduction in the deficit. you're not going to reduce the debt. and may even more if we can't grow the economy. so the job number one is grow the economy. if you grew it 3 1/2% per year, that would require substantial changes in policy but it could be done, you would garner more than enough revenue. it would change the whole debate. about whether you're saying people of high income need to pay more taxes. even though higher income people now we have the highest of any...
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economic growth in the country and we were trailing the country at the same time, he left a structural deficit, although he told me and told the public that he was leaving a surplus and the size of the state workforce grew. he cut education, the largest single per pupil cut in education in america when he was here. i think all of those are relevant when you compare them in particular to a governor -- excuse me a president who has not followed the trend as romney did but bucked the trend and turned around job loss and added some 4 million private sector jobs in the last two years. >> as governor mitt romney, basically had the same job pattern as the president, the economy was in bad shape when he began. the state was bleeding jobs early in the term. he made up ground as the economy recovered and nationally the economy was recovering as well. unemployment was at about 4.7%, he also hollywood a democratic legislature and he had to balance the budget every year. >> and every one of us has to balance the budget every year. i have to balance the budget as well. but we have been investing in educatio
economic growth in the country and we were trailing the country at the same time, he left a structural deficit, although he told me and told the public that he was leaving a surplus and the size of the state workforce grew. he cut education, the largest single per pupil cut in education in america when he was here. i think all of those are relevant when you compare them in particular to a governor -- excuse me a president who has not followed the trend as romney did but bucked the trend and...
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Nov 9, 2012
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what is the deficit goal that you have in mind? >> well, clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. but this is his opportunity to lead. >> mr. speaker -- >> whoop, no. you violated the rules. >> what? >> disqualified. yes, sir. >> mr. speaker, the other day, you -- spoke of revenues. can you give us an idea oh where you're going with that, because tax rates are not on the table. are you talking about going after deductions? >> it's clear that there are a lot of special interest loopholes in the tax code, both corporate and personal. it's also clear that there are all kinds of deductions, some of which make sense, others don't. and by lowering rates and cleaning up the tax code, we know that we're going to get more economic growth. it will bring jobs back to america, it will bring more revenue. we also know that if we clean up the code a
what is the deficit goal that you have in mind? >> well, clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. but this is his opportunity to lead. >> mr. speaker -- >> whoop, no. you violated the rules. >> what? >> disqualified. yes, sir. >> mr. speaker, the other day, you...
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he also said he would cut the deficit in half. he doubled it. he was going to get unemployment down to 5.2% right now. we just learned on friday it's up to 7.9%. >> earlier in the day, the candidate's wife, ann romney, visited the back of the campaign plane and handed out breakfast food to the reporters covering the race for the last year and a half. asked how she's feeling about the race, she said she's been touched by the people she's run across in the final weeks of the campaign. people have come up to her and told her about their struggles in this economy right now. as for this campaign, the way this is going to wrap up this weekend is that mitt romney is going to be heading off to ohio on sunday, and also pennsylvania, a battleground state, they believe they're now putting into play, and by the looks of it, it's getting more and more competitive as we head towards election day. jim acosta, cnn, dubuque, iowa. >> thanks so much, jim. not just the white house. democrats and republicans are waging a fierce fight for control of the u.s. house.
he also said he would cut the deficit in half. he doubled it. he was going to get unemployment down to 5.2% right now. we just learned on friday it's up to 7.9%. >> earlier in the day, the candidate's wife, ann romney, visited the back of the campaign plane and handed out breakfast food to the reporters covering the race for the last year and a half. asked how she's feeling about the race, she said she's been touched by the people she's run across in the final weeks of the campaign....
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when we talk about deficits, if we're adding to our deficit for tax cuts for folks who don't need them and we're cutting investments in research and science that will create the next apple, create the next new innovation that will sell products around the world, we'll lose that race. if we're not training engineers to make sure they are equipped here in the country, then companies won't come here, those investments are what will help to make sure that we continue to lead this world economy, not just this year, but 50 years from now, 100 years from now. >> government doesn't create job. >> governor, i want to introduce to you barry green, he's going to have the last question to you first. >> i think this is a tough question. each of you what do you believe is the biggest misperception that the american people have about you as a man and a candidate? using specific examples, can you take this opportunity to debunk that misperception and set us straight. >> thank you. that's an opportunity for me, and i appreciate it. in the nature of a campaign, it seems some campaigns are focused on att
when we talk about deficits, if we're adding to our deficit for tax cuts for folks who don't need them and we're cutting investments in research and science that will create the next apple, create the next new innovation that will sell products around the world, we'll lose that race. if we're not training engineers to make sure they are equipped here in the country, then companies won't come here, those investments are what will help to make sure that we continue to lead this world economy, not...
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i will cut the deficit and get us ontrack to a balanced budget. >> now to president barack obama who spent part of his day at a rally in urbandale, iowa. he launched what he is calling his road to charlotte tour. he took aim at mitt romney's convention speech. >> if you didn't dvr it, let me recap it for you. everything is bad, it's obama's fault, and governor romney is the only one who knows the secrets of creating jobs and growing the economy. >> so as the president starts his road to charlotte tour, the democratic party is putting finishing touches on the convention. it all gets going tuesday. cnn political producer shannon travis is in charlotte, north carolina this afternoon. shannon, are people trickling in already besides the media, such as yourself? >> yeah. i mean, mostly the media presence is growing and growing since yesterday when we arrived but you're absolutely right. they are some of the delegates, some of the dnc officials that have started to come in, probably picking up their cars and securing their hotel rooms before things get too crazy. i think the bulk of people
i will cut the deficit and get us ontrack to a balanced budget. >> now to president barack obama who spent part of his day at a rally in urbandale, iowa. he launched what he is calling his road to charlotte tour. he took aim at mitt romney's convention speech. >> if you didn't dvr it, let me recap it for you. everything is bad, it's obama's fault, and governor romney is the only one who knows the secrets of creating jobs and growing the economy. >> so as the president starts...
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he had a $3.6 billion deficit, too. was able to cut that and left office with a $2 billion rainy day fund. i'd say that's pretty good. >> but in the end, you know, he was 47th throughout that whole four-year period, and he is selling himself as a businessman who knows how to create jobs and yet really didn't do that very well when he was in massachusetts. you see the democrats going after this. what's his defense here? >> well, the numbers i have is it went down to 30th by the time he left office nationwide in job creation. more importantly than that, candy s what he did in the private sector. add democrat legislature. that's a deep blue state and i think managing the fiscal house and trying to create jobs during that time, he had to combat a democratic legislature, but look what he did at bain capital, as executive director of the olympics, over 100,000 new jobs with venture capital. he knows how to create jobs in the private sector. he understands the american dream because he's lived it. i'd say president obama had t
he had a $3.6 billion deficit, too. was able to cut that and left office with a $2 billion rainy day fund. i'd say that's pretty good. >> but in the end, you know, he was 47th throughout that whole four-year period, and he is selling himself as a businessman who knows how to create jobs and yet really didn't do that very well when he was in massachusetts. you see the democrats going after this. what's his defense here? >> well, the numbers i have is it went down to 30th by the time...
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we have a deficit the same as greece. >> so taking that deficit number, and letting me put some other figures up for the audience. in the economy right now, and gas prices are high. we are $16 trillion in debt, and there is, there are 43 months of unemployment over 8%. how do you sell that? >> so, look, i think that the first thing that you do is to remind people what republicans would like you to believe is that the world started on the 20th of january 2009, but it didn't. when barack obama took office what he had was a president who had inherited a 2% surplus, and left behind a 2% structural deficit that then exploded as the e kconomy clapsed. when barack obama took out, the economy was not going down, but it was plummeting. we were losing 750,000 jobs in the month and you didn't know anywhere in america if you had a job the next day. my sister sold what was a high-risk technology stock and invested in aig, and you didn't know. there was no security left. within nine months barack obama not only stabilize that, but he restructured and not bailed out the largest industry in the unite
we have a deficit the same as greece. >> so taking that deficit number, and letting me put some other figures up for the audience. in the economy right now, and gas prices are high. we are $16 trillion in debt, and there is, there are 43 months of unemployment over 8%. how do you sell that? >> so, look, i think that the first thing that you do is to remind people what republicans would like you to believe is that the world started on the 20th of january 2009, but it didn't. when...
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the long-term deficit, what it means for their kids. at the same time i did meet obama supporters here who do like his plan, especially when it comes to investing in education, in training. they like obama care. they say our economy is not where it needs to be, but we are going to stick with the president to move forward because we like his thinking. interestingly, the man you saw on the piece, kevin harbor, told me wish there was a viable third party candidate because i'm not really sold on either of these guys. >> wow. that's very telling. poppy, thank you. appreciate it. >> yeah. >>> today both candidates are offering their vision for america. this is an exclusive opinion article for cnn.com on our worldwide website. president obama who just spoke in ohio a short while ago right on cnn.com today saying i believe america's prosperity was built on the strength of our middle class. we don't succeed when a few of the top do well while everyone else struggles to get by. we're better off when everyone gets a fair shot. everyone does their
the long-term deficit, what it means for their kids. at the same time i did meet obama supporters here who do like his plan, especially when it comes to investing in education, in training. they like obama care. they say our economy is not where it needs to be, but we are going to stick with the president to move forward because we like his thinking. interestingly, the man you saw on the piece, kevin harbor, told me wish there was a viable third party candidate because i'm not really sold on...